Area foreclosures drop

The percentage of central Ohio homes in foreclosure or on the brink of
foreclosure continues to shrink.

According to the real-estate and mortgage information company CoreLogic,
2.17 percent of central Ohio home loans were in foreclosure during July, down from 3.11 percent a
year earlier.

By comparison, 2.43 percent of U.S. loans and 2.46 percent of Ohio loans
were in foreclosure during July.

The percentage of seriously delinquent central Ohio mortgages also
declined in July. According to CoreLogic, 5.13 percent of Columbus-area mortgages were at least 90
days delinquent, compared with 6.45 percent a year earlier.

By contrast, 5.66 percent of Ohio loans and 5.44 percent of U.S. loans were seriously
delinquent.